Marcus Samuel, 1st Viscount Bearsted

Source: Wikipedia, the free encyclopedia.

The "Shell" Transport and Trading Company
Spouse
Fanny Elizabeth Benjamin
(m. 1881)
ChildrenWalter Horace Samuel
Nellie Ionides
RelativesSamuel Samuel (brother)

Marcus Samuel, 1st Viscount Bearsted,

Royal Dutch Shell
.

Career

Samuel was born into a family of Baghdadi Jews in Whitechapel, London. His father, also named Marcus Samuel, ran a successful import-export business, M. Samuel & Co., trading with the coalition in the Far East, which Marcus carried on with his brother, Samuel Samuel. M. Samuel & Co launched the first Japanese gold sterling loan issued in London in 1897, and was largely concerned in the introduction of Japanese municipal loans, and in the development of the coal trade in Japan.[1]

He was educated at Edmonton and in

Siam, the Philippines, China and Japan.[2]

Samuel realised the potential of the oil market during a prospecting trip to the

Batum on 22 July 1892, where it acquired its load of kerosene. The ship transited the Suez Canal on 23 August, and proceeded onward to his storage facilities in Singapore and then Bangkok, for retail distribution. Samuel then built ten additional ships, also named for seashells. In 1895, he received a concession in the Kutei region of east Borneo, where oil was discovered in 1897.[3]

In 1897, he

knighthood for helping a British warship grounded at Port Said.[3]: 63, 117, 123–124 [2][4][5]

Samuel had a long career in the civic government of the

Elswick works.[6]

He was on the Commission for the Lieutenancy for City of London, a visiting justice of Holloway and Newgate prisons, and chairman of a City committee in connection with the Royal Commission on the Port of London (1900–02). He was also for three years a member of the Thames Conservancy board as the elected representative of the shipowners, and was a Justice of the peace for Kent.[2]

In 1907, Samuel's company combined with Royal Dutch Petroleum to create the Royal Dutch/Shell Group, a

Lloyds TSB
.

In recognition of his contribution to the British cause in

Baron Bearsted of Maidstone in the County of Kent in the 1921 Birthday Honours.[7][3]: 175  In the 1925 Birthday Honours, he was elevated to 1st Viscount Bearsted.[8] Lord Bearsted was also awarded an Honorary Doctorate of Law (LLD) from the University of Sheffield during his lifetime.[citation needed
]

Personal life

Mote House, Mote Park

Samuel married in 1881 Fanny Elizabeth Benjamin, a daughter of Benjamin Benjamin, of Stranraer House, London.[2] Lady Samuel was godmother to the steam tanker SS Silverlip during a visit to Newcastle in November 1902.[9]

Samuel went riding every morning at Hyde Park, London, and his country house was on a 500-acre estate in Kent, called The Mote.[3]: 70 

Titles

  • Mr Marcus Samuel (1853–1898)
  • Sir Marcus Samuel (1898–1903)
  • Sir Marcus Samuel Bt. (1903–1921)
  • The Rt. Hon. The Lord Bearsted Bt. (1921–1925)
  • The Rt. Hon. The Viscount Bearsted Bt. (1925–1927)

See also

Footnotes

  1. ^ Henriques, Robert (1960) Marcus Samuel, first Viscount Bearsted and founder of the ‘Shell’ Transport and Trading Company, 1853-1927, London: Barrie and Rockliff
  2. ^ a b c d e f "Election of the New Lord Mayor". The Times. No. 36886. London. 30 September 1902. p. 6.
  3. ^ .
  4. ^ Corthell, Elmer (1900). "Report by Elmer L. Corthell, Delegate of the United States (representing the State Department) to the Seventh International Congress of Navigation, Held at Brussels, Belgium, July, 1898". Washington Printing Office. p. 183. Retrieved 24 July 2020.
  5. ^ "Naval and Military Calendar, February, 1898". Journal of the United Service Institution. 1898. Retrieved 24 July 2020.
  6. ^ "Court Circular". The Times. No. 36937. London. 28 November 1902. p. 10.
  7. ^ "No. 32346". The London Gazette (Supplement). 4 June 1921. p. 4529.
  8. ^ "No. 33053". The London Gazette (Supplement). 2 June 1925. p. 3767.
  9. Newspapers.com.Free access icon

References

  • Biography,
    Oxford Dictionary of National Biography

Further reading

External links

Peerage of the United Kingdom
New creation Viscount Bearsted
1925 – 1927
Succeeded by
Baron Bearsted
1921 – 1927
Civic offices
Preceded by
574th Lord Mayor of London

1902–1903
Succeeded by
Baronetage of the United Kingdom
New creation
Baronet

(of The Mote and Portland Place)
1903 – 1927
Succeeded by
Business positions
Preceded by
New creation
Chairman of
Shell Transport and Trading

1897–1921
Succeeded by
Walter Horace Samuel